Gasoline
Shell Chief Executive Officer Ben van Beurden to step down, Wael Sawan appointed as his successor
Shell announced that Ben van Beurden will step down as Chief Executive Officer (CEO) at the end of 2022, and that his successor will be Wael Sawan. Wael’s appointment is effective January 1, 2023.
Singapore marine fuel sales steady at 4.12 MMt in August
Marine fuel sales at the world's largest bunkering hub Singapore held steady at 4.12 MMt in August, with the number of vessel arrivals for bunkering little changed.
Refiners say fuel prices could increase and production plummet if rail strike proceeds
Upon sending the letter, Chet Thomson issued the following statement stressing the importance of rail transit to the refining and petrochemical industries and the need for broader rail reform.
Carbon intensity of U.S. power generation continues to fall but varies widely by state
From 2016 to 2020, the carbon intensity of U.S. power generation fell 18%, driven by a shift in the U.S. electricity generation mix away from coal and toward natural gas and renewables.
RGGI carbon dioxide emissions price reached new quarterly record in June 2022
RGGI is a cooperative agreement among 11 U.S. states to reduce CO2 emissions from power plants; it was the first program in the country to place a cap on power sector CO2 emissions.
Venezuela's second-largest refinery disrupted by outage
Venezuela's second largest refinery has suspended gasoline production following an internal electrical failure, four sources with knowledge of the situation said.
History of the HPI: The 2000s: Net-zero, environmental regulations, capacity acceleration and digital transformation
This final installment of the History of the HPI series details major events in the refining and petrochemicals industry over the past 20 yr, including stricter regulations/initiatives to curb carbon emissions, a safer and more environmentally friendly way to produce and handle chemicals, significant capital investments to boost production capacity and digital transformation.
U.S. Department of Energy invests $31 MM to advance carbon capture and storage for natural gas power and industrial sectors
The U.S. Department of Energy’s Office of Fossil Energy and Carbon Management announced more than $31 MM in funding for 10 projects to develop carbon capture technologies.
The downstream rundown: In case you missed it 08/26
In case you missed any downstream news, here are the top stories from last week.
No, TotalEnergies does not produce kerosene for the Russian army
As a shareholder of Novatek, TotalEnergies asked the management of Novatek on August 25 for information on what happens of the gas condensates produced by the Termokarstovoye field in Russia, in order to shed the fullest light on the recent controversy initiated by French daily newspaper, Le Monde.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
